You Searched For "ppp lending program" and got 20 results
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2 mins read
Just a third of the money from the government's massive Payroll Protection Program actually helped keep workers employed, study says
The program was "highly regressive," researchers said. Of the $510 billion in initial PPP loans, $3…
Ben Winck
4 mins read
Fintechs helped Black-owned small businesses get access to PPP loans during the pandemic more than banks did. It's weird.
A working paper finds automation may have helped Black businesses's access to PPP loans, but AI als…
Madison Hoff
2 mins read
Small businesses only accounted for 18% of pandemic-driven job losses, Goldman Sachs says
Active small businesses shrank by 25% in April but now stand just 6% below their pre-COVID level, a…
Ben Winck
3 mins read
Failure to pass new small-business aid will fuel 'a wave of permanent closures,' CEOs warn in letter to Congress
Lawmakers need to extend loan availability, speed up funds' delivery, and make capital more easily …
Ben Winck
2 mins read
The Paycheck Protection Program saved up to 3.2 million jobs during the coronavirus pandemic, study says
Forgivable loans made through the program also lifted employment at eligible small businesses by 2%…
Ben Winck
2 mins read
As many as 14% of small businesses may lay off workers when their PPP loans run out
"Those businesses hardest hit by the crisis will likely need additional help," NFIB analysts wrote …
Carmen Reinicke
2 mins read
Markets must understand support programs propping up prices won't go on 'indefinitely', Dallas Fed's Kaplan says
The Dallas Fed president said that the markets need to function without support, and that "the Fed …
Emily Graffeo
2 mins read
Black-owned businesses nearly twice as likely to close amid the coronavirus pandemic, New York Fed study finds
"These firms had weaker financial cushions, weaker bank relationships, and preexisting funding gaps…
Carmen Reinicke
2 mins read
Small business owners are becoming more optimistic and expect a 'short-lived' recession, survey shows
"As states begin to reopen, small businesses continue to navigate the economic landscape rocked by …
Carmen Reinicke
8 mins read
Stop trying to shame companies that took PPP loans
The PPP wasn't perfect, but it was designed to reduce the number of people laid off as a result of …
David Plotz,Henry Blodget,Anthony L. Fisher,Linette Lopez
4 mins read
Inequality and hate crimes against Asian Americans could wipe out $700 billion from the US economy
More than a third of the hate crimes against Asian Americans in the last year happened to business …
Emily Canal
3 mins read
Nobel Prize-winning economist Joseph Stiglitz says US stimulus programmes have 'failed' — and that policymakers should now focus on preventing a 'lost generation' of workers
Nobel Prize-winning economist Joseph Stiglitz said: "Even after pandemic is put under control, econ…
Saloni Sardana
1 min read
The Fed's Main Street Lending Program is now open and encouraging banks to start making loans
Lenders can find registration documents on the program site and "are encouraged to begin making Mai…
Carmen Reinicke
1 min read
JOIN US TODAY: Sign up for our live event on how to make the most out of PPP
A new round of $325 billion in funding is coming. Ask Insider journalists about the ins and outs of…
Business Insider
1 min read
WATCH: How business owners can make the most of PPP
Watch our webinar to learn if your business qualifies for up to $2 million in forgivable loans from…
Bartie Scott,Jennifer Ortakales Dawkins
2 mins read
Relief loans are going to areas with pre-existing bank relationships instead of most infected regions, Fed economists find
Virus hotspots including New York, Michigan, and Pennsylvania are receiving fewer PPP loan approval…
Ben Winck
3 mins read
Tens of thousands of PPP loans at high risk for 'fraud, waste, and abuse,' House Democrats say
More than $1 billion in relief funds were made to firms receiving multiple loans, the group said. T…
Ben Winck
2 mins read
Roughly 17% of US restaurants have permanently shut down since the start of the pandemic as industry leaders warn of an 'unprecedented economic decline'
The majority of restaurants that closed were not brand-new businesses, the association found: on av…
Avery Hartmans
1 min read
CreditNinja, which has charged loan customers an interest rate of 447%, is complaining that their $1 million PPP loan forgiveness request was rejected
CreditNinja, a broker which has given loans with interest rates as high as 447%, believes the SBA s…
Azmi Haroun
2 mins read
Fed extends small business aid lending program by 3 months
The Paycheck Protection Program itself is expiring March 31, but its liquidity facility will run th…